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Re: Low, Middle And High Income by iCauseTrouble: 11:58am On Aug 21, 2023 |
If you are earning less than 1 million a month, you are still in Low income. 1 - 1,000,000 = Low Income 1,000,000 - 5,000,000 = Middle Income 5,000,000 - 10,000,000 = Upper Income 10,000,000+ = Elite 8 Likes 6 Shares |
Re: Low, Middle And High Income by redsquare(m): 11:59am On Aug 21, 2023 |
Weireldoo: |
Re: Low, Middle And High Income by Teke1: 11:59am On Aug 21, 2023 |
Middle class in Nigeria should be between 1M - 5M per month. 2 Likes |
Re: Low, Middle And High Income by atobs4real(m): 11:59am On Aug 21, 2023 |
Low income earners 30k Middle 250 Highly favoured 500k and above |
Re: Low, Middle And High Income by Thoughty2(m): 11:59am On Aug 21, 2023 |
Hope4Naja: Lol... Dey play |
Re: Low, Middle And High Income by easyfem(m): 11:59am On Aug 21, 2023 |
So middle income is some pple a week salary in abroad |
Re: Low, Middle And High Income by dhetz: 12:00pm On Aug 21, 2023 |
[size=8pt]How about people that fall within the below category (N10,000-N29,000.00) |
Re: Low, Middle And High Income by blesdman(m): 12:00pm On Aug 21, 2023 |
Hope4Naja:For real? Wow. I de elite class then o... π |
Re: Low, Middle And High Income by 080bjaked(m): 12:01pm On Aug 21, 2023 |
Up to 650k is middle income IMO. Elite is 1.5m and above abeg. My thought is, a middle income family would have a good model car, mostly taken with loans repayable for up to 4years (average Nigerian banking standards), plus school fees, plus feeding, maintenance and house rents takes away the 650k already. I've been there. High income earner means you can cover middle income responsibilities and still conveniently pay mortgage. 3 Likes |
Re: Low, Middle And High Income by mycar: 12:03pm On Aug 21, 2023 |
Hmm, life no easy ooh |
Re: Low, Middle And High Income by vonxe: 12:05pm On Aug 21, 2023 |
Four classes No more middle class Below 150k - low class 150k - 400k - slightly below middle class 400k - 800k - slightly above middle class Above 800k - high income class. These all depends on the area one resides. These are for urban areas like portharcourt, lagos, onitsha, benin, Asaba, Abuja. For Ibadan, Akure, osogbo , Enugu, Yenegoa, Abeokuta, kano, kaduna, lokoja, owerri. It is slightly less For other cities and rural areas not mentioned above it is lesser, with 600k you can be regarded as high class 1 Like |
Re: Low, Middle And High Income by joebeckz(m): 12:07pm On Aug 21, 2023 |
OboOlora: I agree with you. Was thinking the same. I earn above that but I still struggle cos of high cost of living and running projects same time. I will just kuku relocate abeg. No value for life whatsoever, healthcare is poor. I live in port harcourt and everything is expensive here. God abeg oh 1 Like |
Re: Low, Middle And High Income by sunbreaker: 12:10pm On Aug 21, 2023 |
Validated:you are still on your generator set on daily bases? Kudo to you 2 Likes |
Re: Low, Middle And High Income by Angelfrost(m): 12:10pm On Aug 21, 2023 |
Hope4Naja: This is a very fair representation of the economic reality of today...! However, you are being too fair and laughably so... Honestly, Middle income in today's hyperinflated economy lies between 200,000 and 400,000 monthly. By the time you remove the costs of feeding, transportation, and utilities from 151,000, even for a bachelor, what is left would make you shake your head. |
Re: Low, Middle And High Income by Skillsnigeria: 12:10pm On Aug 21, 2023 |
Hmmm |
Re: Low, Middle And High Income by MrDoGood(m): 12:13pm On Aug 21, 2023 |
Weireldoo: You're vexing |
Re: Low, Middle And High Income by abbeyd2(m): 12:13pm On Aug 21, 2023 |
When you get to that level of 500k and above you will know that it's just a figure. With the current situation of the economy if you not on your own as contractor or in business meeeh. You are OYO |
Re: Low, Middle And High Income by Saintinoo(m): 12:13pm On Aug 21, 2023 |
Validated: Why should you buy fuel of 65k for your gen when you are not using the gen for business. There is something called "rationality" in economics. No matter how much you earn, if you are not rational, you will remain poor. 11 Likes |
Re: Low, Middle And High Income by Sunisonflex39(m): 12:14pm On Aug 21, 2023 |
vonxe: Rent in owerri dey compete with rent in Port Harcourt o |
Re: Low, Middle And High Income by whippersnapper(m): 12:15pm On Aug 21, 2023 |
WiszyFraud: |
Re: Low, Middle And High Income by SmartyPants(m): 12:15pm On Aug 21, 2023 |
Hope4Naja: Low income is 0 - 149k Middle is 150k - 1.9m High is 2m and above 3 Likes |
Re: Low, Middle And High Income by melodyogonna(m): 12:15pm On Aug 21, 2023 |
DiamondPant:How much be monthly rent? 2 Likes |
Re: Low, Middle And High Income by Nice2023(m): 12:18pm On Aug 21, 2023 |
Fortune118005: We still have many middle class in Nigeria especially in this Abuja. Just that some states have more poor people than the other. 1 Like |
Re: Low, Middle And High Income by bonnyhope: 12:19pm On Aug 21, 2023 |
Validated: Not realistic You want to use half of ur income on petrol 3 Likes |
Re: Low, Middle And High Income by OboOlora(f): 12:19pm On Aug 21, 2023 |
joebeckz:1M in PH is like equivalent of 200k in places like Ekiti. Meanwhile, look before u leap oooooo, relocation nor be beans o. 1M in Naija (if u live within ur means) is still balling sha, except for things like security, medical etc 3 Likes |
Re: Low, Middle And High Income by Wodu89: 12:19pm On Aug 21, 2023 |
Localemperor: Preach 1 Like |
Re: Low, Middle And High Income by crossbreedwears(m): 12:24pm On Aug 21, 2023 |
Even in Lagos, 800k is big oga. You cut your coat according to your size. Earning 800k, your annual rent shouldn't be more than 2 months of your salary even in a good location. Most people don't know how to manage abhosts: 8 Likes |
Re: Low, Middle And High Income by olaniyilukman(m): 12:25pm On Aug 21, 2023 |
DiamondPant:Stop this overrated Lagos life, I once live in Lagos and I can tell you you can work things round positively around that amount.... 2 Likes |
Re: Low, Middle And High Income by Limassol(m): 12:27pm On Aug 21, 2023 |
Hope4Naja: Per capita or household? The difference matters. 1 Like |
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